Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of Lease Related Assets and Liabilities

The following table presents the lease related assets and liabilities recorded on the Consolidated Balance Sheet as of December 31, 2019:

($ in thousands)	Classification on the Consolidated Balance Sheet	December 31, 2019
Assets:
Operating lease assets	Operating lease right-of use assets	$	99,973
Finance lease assets	Premises and equipment	7,897
Total lease assets		$	107,870
Liabilities:
Operating lease liabilities	Operating lease liabilities	$	108,083
Finance lease liabilities	Long-term debt and finance lease liabilities	5,169
Total lease liabilities		$	113,252

Schedule of Lease Costs

The following table presents the components of lease expense for operating and finance leases for the year ended December 31, 2019:

($ in thousands)	Year Ended December 31, 2019
Operating lease cost	$	34,850
Finance lease cost:
Amortization of right-of-use assets	807
Interest on lease liabilities	161
Variable lease cost	120
Sublease income	(81		)
Net lease cost	$	35,857

Schedule of Supplemental Lease Information

The following table presents the supplemental cash flow information related to leases for the year ended December 31, 2019:

($ in thousands)	Year Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	35,496
Operating cash flows from finance leases	$	161
Financing cash flows from finance leases	$	883
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	21,716
Financing leases	$	304

The following table presents the weighted-average remaining lease terms and discount rates related to leases as of December 31, 2019:

	December 31, 2019
Weighted-average remaining lease term (in years):
Operating leases	4.6
Finance leases	16.2
Weighted-average discount rate:
Operating leases	3.19	%
Finance leases	2.84	%

Schedule of Finance Leases, Undiscounted Cash Flow Maturities

The following table presents a maturity analysis of the Company’s operating and finance lease liabilities as of December 31, 2019:

($ in thousands)	Operating Leases			Finance Leases
2020	$	32,590		$	1,059
2021	28,761			1,053
2022	19,073			698
2023	12,069			403
2024	9,150			157
Thereafter	14,636			3,305
Total minimum lease payments	$	116,279		$	6,675
Less: imputed interest	(8,196		)	(1,506		)
Present value of lease liabilities	$	108,083		$	5,169

Schedule of Operating Leases, Undiscounted Cash Flow Maturities

The following table presents a maturity analysis of the Company’s operating and finance lease liabilities as of December 31, 2019:

($ in thousands)	Operating Leases			Finance Leases
2020	$	32,590		$	1,059
2021	28,761			1,053
2022	19,073			698
2023	12,069			403
2024	9,150			157
Thereafter	14,636			3,305
Total minimum lease payments	$	116,279		$	6,675
Less: imputed interest	(8,196		)	(1,506		)
Present value of lease liabilities	$	108,083		$	5,169

Schedule of Net Investment of Direct Financing and Sales-type Leases

The following table presents the components of the net investment in direct financing and sales-type leases as of December 31, 2019:

($ in thousands)	December 31, 2019
Lease receivables	$	126,517
Unguaranteed residual assets	14,793
Net investment in direct financing and sales-type leases	$	141,310

Schedule of Future Minimum Lease Payments Expected To Be Received Under The Direct Financing And Sales-Type Leases

The following table presents future minimum lease payments that are expected to be received under the direct financing and sales-type leases as of December 31, 2019:

($ in thousands)	Direct Financing and Sales-Type Leases
2020	$	27,580
2021	25,548
2022	18,154
2023	11,960
2024	8,512
Thereafter	11,708
Total minimum lease payments	$	103,462
Less: imputed interest	(9,783		)
Present value of lease receivables	$	93,679